NEW YORK— As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth. For instance, Exxon Mobil said Friday it cut spending by $1.54 billion in the second quarter, while Chevron announced it is laying off 1,500 workers.» Read More
Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece's performance under a bailout plan.
Boeing will cut hundreds of jobs at a South Carolina plant that makes 787 Dreamliners, but the move has nothing to do with the recent grounding of the troubled jetliner.
The White House issued more dire warnings about the harm the cuts will do to Americans, breaking down the loss of jobs and services to each of the states.
Barclays is nearing the completion of a raft of job cuts at its investment bank as part of its new chief executive's plan to streamline operations and cut costs, a person familiar with the matter said on Wednesday.
Jeffrey Bewkes, Chairman & CEO of Time Warner, breaks down the company's fourth quarter numbers, weighs in on news of possible layoffs and the sale of its Time Warner Center in New York City.
Knight Capital Group, which recently agreed to be bought for $1.4 billion by Getco Holding Co, will lay off 5 percent of its global workforce as part of efforts to restructure the automated trading firm, according to a regulatory filing released on Monday.
Chinese investment banks are carrying out their biggest layoffs and bonus cuts since the financial crisis as they brace for further profit declines, hit by an ongoing drought in initial public offerings in China that started in September.
CNBC's David Faber reports on continuing downsizing on Wall Street, and Dish Network's unsolicited takeover bid for Clearwire.
Things are getting serious at the Magic Kingdom: Disney started an internal cost-cutting review and is mulling layoffs.
Planned layoffs at U.S. firms fell in December for the first time in four months, while the overall job-cut total in 2012 was the lowest since 1997, a report showed on Thursday.
John Challenger, CEO of Challenger, Gray & Christmas, breaks down the "very strong" numbers on jobs.
Bart Shuldman, TransAct Technologies chairman & CEO, explains why he may have to lay off workers if the research and development tax credit isn't extended.
Facebook shares spiked 33 percent in the month of November. Is it time to buy? The FMHR traders discuss. Also, Mike Mayo, Worth Magazine, discusses Citigroup cutting 11,000 jobs.
How will cutting 11,000 jobs impact Citigroup's bottom line? David Trone, JMP Securities, weighs in.
CNBC's Kayla Tausche reports the banking giant is cutting jobs and taking a $1 billion dollar charge.
It’s been a tough slog in Cubeville the past few years but don’t cry in that beer you had to buy with your own money just yet – the office holiday party is making a comeback!
Have you ever thrown a coworker in a lagoon at the office party? Here are some of the most outrageous things people have done at office parties.
A Florida businessman says he will add a 5 percent surcharge to customers' bills to offset what he says are the costs of Obamacare. He's also reducing his employees' hours.
From elves to vampires and reindeer wranglers, here's a look at some of the season's odder jobs. Wait, you want me to do what?!
In the next few months, America will not only have to cope with a fiscal drag but an unemployment cliff.